QNX Software Test Specialist 2

BlackBerry shifts gears with Coretura deal. September 25, 2026 Key points. * BlackBerry secured a contract worth more than $100 million with Coretura, a Daimler Truck and Volvo joint venture, validating its Alloy Kore software platform. * The deal is expected to triple BlackBerry's revenue per vehicle, shifting the QNX division toward higher-margin, recurring software revenue ahead of second-quarter earnings on Sept. 24. * BlackBerry shares have risen more than 120% year-to-date, with institutional hedge fund buying and options activity reflecting optimism about its automotive software turnaround. * Interested in BlackBerry? Here are five stocks we like better. The automotive industry is shifting toward software-defined vehicles, which require complex, safety-certified compute foundations. For investors, this transition presents an opportunity to identify early leaders in mission-critical embedded software. BlackBerry Limited NYSE: BB has spent years pivoting its core business toward automotive operating systems, and that shift is starting to pay off. BlackBerry just secured a major contract with Coretura, a joint venture between Daimler Truck OTCMKTS: DTRUY and Volvo OTCMKTS: VLVLY, ahead of its second-quarter earnings report. The deal validates Alloy Kore, BlackBerry's high-margin software platform, and shows how a vehicle's core software can change the economics for major auto suppliers. The shift away from fragmented legacy software toward pre-integrated operating systems changes how capital is allocated across the supply chain, positioning key software providers to capture recurring revenue. The data reveals a compelling picture of how this technological pivot is unfolding. Landing a high-margin auto contract. BlackBerry's recent agreement with Coretura is a key validation of its embedded Internet of Things division. Coretura, founded by commercial-vehicle giants Daimler Truck and Volvo, builds software for next-generation commercial trucks. To help achieve this, Coretura selected Alloy Kore, a foundational software layer co-developed by BlackBerry's QNX division and Vector. This contract is valued at over $100 million and stands as one of the largest design wins in the history of the QNX unit. Discover more Research tools access Stock Screener Tool Modern commercial vehicles require hundreds of millions of lines of code to operate safely. Historically, manufacturers relied on fragmented development models, which led to high integration costs, delayed launch cycles, and inflated research budgets. Alloy Kore addresses these inefficiencies by pairing a safety-certified operating system with core vehicle services already built in. With this standardized framework, automakers can direct their engineering capital toward the features that set their brands apart instead of rebuilding the basics. Coretura's decision to commit to this architecture before its general market release indicates a clear industry demand for production-ready, safety-certified compute foundations. Accelerating BlackBerry's unit economics. From a financial perspective, the Coretura integration fundamentally alters the unit economics of the QNX platform. Core software layers command higher pricing power than isolated infotainment or dashboard systems. Initial estimates indicate the Alloy Kore platform triples BlackBerry's revenue per vehicle, shifting the entire division's margin profile toward high-value recurring revenue. The numbers reflect a market pricing in a structural turnaround. BlackBerry currently generates about $549 million in annual sales, operating with a price-to-sales multiple near 8.6. The trailing price-to-earnings ratio sits at approximately 89, which requires uninterrupted execution to justify. The anticipated expansion in recurring software margins is projected to compress the forward price-to-earnings ratio to around 64, driven by a forecasted 46% earnings growth rate. Profitability ratios add context to this growth trajectory. BlackBerry maintains a net margin of around 10.31% and a return on equity near 11.66%. A low debt-to-equity ratio of 0.26 and a current ratio of 2.20 provide the necessary liquidity to fund ongoing research and development without heavily leveraging the balance sheet. Across the broader automotive supply chain, capital allocation differs by sub-sector. BlackBerry's competitors, like Aptiv PLC NYSE: APTV, focus heavily on hardware and software integration, while Mobileye Global Inc. NASDAQ: MBLY targets advanced driver-assistance vision processing. BlackBerry operates as a pure-play software model, bypassing the capital-intensive manufacturing requirements of its peers and securing a zero-yield but highly scalable recurring revenue base. Smart money parks capital in BlackBerry. The timing of the Coretura announcement provides management with quantifiable leverage heading into the second-quarter earnings report on Sept. 24. BlackBerry shares have rallied over 120% since the beginning of the year and are currently trading near $8.40. This price action suggests the broader market is actively repricing the stock from a legacy mobile brand into a tier-one automotive software provider. BlackBerry MarketRank(TM) stock analysis. * Overall MarketRank(TM)- 33rd Percentile * Analyst Rating - Hold * Upside/Downside - 4.7% Upside * Short Interest Level - Bearish * Dividend Strength - N/A * News Sentiment - 0.75 * Insider Trading - Selling Shares * Proj. Earnings Growth - 46.15% Institutional ownership trends offer additional insight into market sentiment. Recent filings indicate that quantitative hedge funds have accumulated shares, signaling confidence in the company's turnaround. These institutional inflows help stabilize the stock against corporate insider selling, which has occurred as executives liquidate shares into the year-to-date rally. Short interest remains at healthy levels, indicating an absence of extreme bearish positioning that would artificially suppress the stock. The options market reflects speculative bets geared toward positive forward guidance, with call options dominating recent put volume. The nine-figure QNX royalty backlog addition provides the visibility institutional investors need to model long-term cash flows, making it easier for them to commit capital. Mapping the route for software margins. BlackBerry's shift to become a high-assurance vehicle software provider carries real execution risks. Its premium valuation necessitates consistent margin expansion and consecutive design wins to maintain current price levels. Any delay in deployment schedules or broader pressures affecting commercial vehicle production could affect BlackBerry's short-term revenue realization. Despite these risks, the Coretura partnership demonstrates that BlackBerry's QNX architecture commands tangible engineering value. Transitioning from fragmented operating systems to a pre-integrated, mission-critical foundation creates a recurring revenue moat that is difficult for competitors to replicate. The shift in unit economics positions the embedded software division to capture a larger percentage of the value created by the software-defined vehicle movement. Investors monitoring the automotive technology sector may want to add BlackBerry to their watchlist as the company demonstrates its capacity to secure tier-one commercial validation and expand its software margins. Before you consider BlackBerry, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BlackBerry wasn't on the list. While BlackBerry currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. A strong long-term portfolio starts with companies that can survive recessions, inflation, changing consumer habits, and shifting market leadership. This report names seven blue-chip stocks across technology, retail, consumer staples, healthcare, networking, sporting goods, and utilities that offer investors a mix of stability, income, growth, and staying power. Continue following MarketBeat Contributing author. Companies mentioned in this article. | Company | MarketRank(TM) | Current Price | Price Change | Dividend Yield | P/E Ratio | Consensus Rating | Consensus Price Target | | BlackBerry (BB) | / | $8.17 | -6.5% | N/A | 90.95 | Hold | $8.83 | | Aptiv (APTV) | / | $44.92 | 3.1% | 1.96% | 42.45 | Moderate Buy | $74.80 | | Mobileye Global (MBLY) | / | $7.99 | 3.8% | N/A | N/A | Moderate Buy | $12.16 |

BlackBerry shares rose 4.06% to close at $8.72 after the company reported second-quarter results that exceeded analyst expectations. Sales and adjusted EBITDA increased 26% and 81% respectively. The security software and vehicle-embedded systems provider also lifted its full-year fiscal 2027 guidance. The company's QNX unit, which dominates automotive software, posted 27% sales growth and recorded record revenue for the quarter. Trading volume reached 43.2 million shares, 134% above the three-month average. BlackBerry is expanding QNX beyond automotive applications into autonomous vehicles, robotics, and physical AI. The broader market showed mixed results, with the S&P 500 down 0.03% and the Nasdaq Composite up 0.01%. Cybersecurity peers Palo Alto Networks and CrowdStrike declined 0.86% and 1.07% respectively.

BlackBerry revenue rises 26% as QNX and licensing lift fiscal Q2. Adjusted EPS beat BlackBerry's June outlook, while the company forecast a sharp licensing revenue decline in the next quarter. An earnings report released Sept. 24 shows that a licensing surge supplied nearly half the increase in quarterly sales. BlackBerry Limited TSEBB NYSEBB, the Waterloo, Ont., supplier of QNX vehicle software and secure communications systems, reported US$163.3 million in revenue and US$0.07 in adjusted basic earnings per share for its fiscal second quarter ended Aug. 31. Revenue grew 26 per cent year over year, while BlackBerry expects licensing sales to fall from US$22.1 million to about US$6 million next quarter. The adjusted earnings figure topped BlackBerry's June 25 forecast for non-GAAP basic earnings of US$0.03 to US$0.04 a share. Sales also exceeded the US$137 million to US$148 million range the company set in June. The company reported US$33.9 million in GAAP net income, compared with US$13.3 million in the year-earlier quarter; its GAAP basic earnings were US$0.06 a share. The NYSEBB quote showed a US$8.38 close at 4:00 p.m. EDT on Sept. 23, before the earnings release. The TSEBB quote showed a C$11.84 close at 4:00 p.m. EDT the same day. The release followed those closes, so neither quote reflects trading on the results. BlackBerry raised its fiscal 2027 revenue outlook to US$616 million to US$636 million. Its June range was US$594 million to US$621 million. The mix changed with the total: its QNX outlook rose, its Secure Communications outlook fell, and it now expects more licensing revenue. Its next forecast is for the quarter ending Nov. 30, when management expects overall revenue of US$143 million to US$154 million. Licensing supplies much of the increase. The investor supplement shows that revenue rose by US$33.7 million from US$129.6 million in the August 2025 quarter. Licensing contributed US$15.5 million of that increase, rising to US$22.1 million from US$6.6 million. QNX contributed US$17.2 million, while Secure Communications added US$1.0 million. The combined QNX and Secure Communications businesses generated US$141.2 million, up from US$123.0 million a year earlier. That is growth of about 15 per cent, below the company's 26 per cent headline rate because licensing grew faster. BlackBerry's forecast of about US$6 million in licensing revenue for the November quarter is the clearest test of how much of the August quarter's increase persists. A year earlier, BlackBerry's Sept. 25, 2025 release reported US$129.6 million in revenue and US$0.04 in adjusted basic earnings per share. This year's US$0.07 adjusted figure is also above the US$0.04 BlackBerry reported for its May 2026 quarter. BlackBerry generated US$29.3 million in operating cash flow in the August 2026 quarter, against US$3.4 million a year earlier. Cash and investments reached US$447.1 million at Aug. 31, up from US$422.9 million at May 31. Adjusted EBITDA rose to US$47.0 million from US$25.9 million a year earlier. GAAP operating income reached US$33.6 million from US$11.5 million. QNX growth lifts the annual forecast. QNX revenue rose 27 per cent to US$80.3 million in the quarter ended Aug. 31. Its adjusted EBITDA increased to US$29.0 million from US$20.5 million a year earlier. The division's adjusted gross margin rose to 87 per cent from 83 per cent, according to BlackBerry's supplement. The company says an Alloy Kore software design win added more than US$100 million to its QNX royalty backlog, though that backlog figure is future potential rather than this quarter's recognized sales. "QNX delivered record performance in the quarter, driven by strength in our core automotive business," BlackBerry chief executive John J. Giamatteo said in the Sept. 24 release. BlackBerry now projects US$315 million to US$325 million in fiscal 2027 QNX revenue. Its June range was US$295 million to US$312 million. Its first-quarter release had already reported US$72.3 million in QNX sales for the three months ended May 31, after the division had posted US$63.1 million in the August 2025 quarter. November quarter tests the mix. Secure Communications revenue reached US$60.9 million for the August 2026 quarter, up 2 per cent from US$59.9 million a year earlier. It fell from US$73.6 million in the May quarter. Its adjusted EBITDA fell to US$8.0 million from US$9.7 million a year earlier. Dollar-based net retention slipped to 91 per cent from 93 per cent in August 2025. Annual recurring revenue rose to US$221 million from US$213 million over the same period. BlackBerry cut its fiscal 2027 Secure Communications revenue outlook to US$260 million to US$270 million. The June range was US$270 million to US$280 million. It raised its licensing forecast to about US$41 million from about US$29 million. The revised ranges show that stronger QNX and licensing expectations are offsetting a softer annual view for secure communications. For the quarter ending Nov. 30, BlackBerry expects QNX revenue of US$82 million to US$88 million. Adjusted basic earnings are forecast at US$0.04 to US$0.05 a share. Its licensing forecast of about US$6 million leaves that quarter as the dated test of whether QNX can support group revenue after the August licensing spike.